MUX gives investors exposure to Los Azules, a large and increasingly de‑risked copper project whose NPV is very sensitive to higher copper prices. The company's gold portfolio (Gold Bar, Fox, San José and, soon, El Gallo) is already generating cash and is expected to drive steady production growth toward 2030. A potential IPO of McEwen Copper and a final investment decision on Los Azules are major upcoming catalysts that could help unlock more of the project's value in the share.
McEwen Inc. (MUX) Shareholder/Analyst Call Transcript
MUX receives a $49.4M San Jose Mine dividend, lifting 2026 payouts above expectations and supporting expansion and balance-sheet goals.
TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) said that McEwen Copper has retained Societe Generale as sole financial advisor for project debt financing at the Los Azules copper project in Argentina, a development the royalty holder called a significant step toward construction. TNR holds a 0.4% net smelter returns royalty on Los Azules, which is owned by McEwen Copper, a company 46.3% held by McEwen Mining Inc (TSX:MUX, NYSE:MUX).
The consensus price target hints at a 28.7% upside potential for McEwen (MUX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
McEwen NYSE: MUX reported a sharp first-quarter turnaround and outlined plans to expand gold production while advancing its large copper project in Argentina, according to management comments on the company's first-quarter 2026 earnings call.
McEwen (MUX) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to a loss of $0.12 per share a year ago.
McEwen Inc. offers a compelling risk-adjusted opportunity, anchored by its world-class Los Azules copper project. The Los Azules project design makes it a uniquely ESG-differentiated asset, which is translating into blue-chip strategic investor support and immensely derisks the project financing. The combination of meaningful exploration potential and Rio Tinto's Nuton technology could make Los Azules a flagship 21st-century mine with premium pricing power for its low-carbon copper.
Here is how McEwen (MUX) and Hochschild Mining PLC (HCHDF) have performed compared to their sector so far this year.
McEwen Inc. (MUX) Q4 2025 Earnings Call Transcript
McEwen (MUX) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to a loss of $0.15 per share a year ago.
McEwen (MUX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).